Essay
The assets and liabilities of Rocky's Day Spa at December 31 and expenses for the year are listed below. The stockholders' equity was $68,000 ($48,000 in Common Stock and $20,000 in Retained Earnings) at January 1. The shareholders invested in an additional $10,000 of common stock during the year. Net income for the year is $45,625. 
Prepare an income statement for Rocky's Day Spa for the current year ended December 31.
Correct Answer:
Verified
Correct Answer:
Verified
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